Required A Required B Required C Required D Record the above transactions in a financial statements model. The first event is recorded as an example. (In the Cash Flow column, use OA to designate oper financing activity, and NC for Net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement cells blank if there is no corresponding input needed.) JUNKER'S STASH Financial Statements Model Income Statement Revenuel Expensel L M Gain Loss = Net Income Statement of Cash Flow Event C ash Balance Sheet Assets Stockholders' Equity Accounts Retained - Common + Inventory + Receivable Land - Stock * Earnings 15,000+ 11,000/= 70,000 + 36,000 70,000+ + No, Beg. bal. 1. 60,000 + 170.000 + 18.320 (1,400 + 0+ 0 + 72,000 + 72,000 (411,900) + (1.400) 72,000 (41,900) (2.100) 1,250 (2,100) + 0 + 0 + 250+ 4a. 4b. 5. 6a. 6b. 7.1 IIIIIIIIIIIIII (69,900) + 699 = (699) 69.201 + + (6,850) + 9,100 + 80,051 + 6,850 = 1 (11.000) = 1.900) (6.850) (1,900) 18,4011 End. bal. (325,650) + 0 = 70,000+ 36,000 69,9001 - 51,499 = 1 16,380 Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Determine the amount of net sales. Net sales Required A Required B Required c Required D Prepare a multistep income statement. Include common size percentages on the answers to 1 decimal place.) JUNKER'S STASH Income Statement For the Year Ended December 31, Year 2 Operating expenses Total operating expenses 0 0 .0 % 0.0% 0 Non-operating items 0.0 % Required A Required B Required c Required D Prepare a multistep income statement. Include common size percentages on the answers to 1 decimal place.) JUNKER'S STASH Income Statement For the Year Ended December 31, Year 2 Operating expenses Total operating expenses 0 0 .0 % 0.0% 0 Non-operating items 0.0 % Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D The return-on-sales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 2? Did the expenses for Junker's Stash increase or decrease in Year 2? Required A Required B Required C Required D Record the above transactions in a financial statements model. The first event is recorded as an example. (In the Cash Flow column, use OA to designate oper financing activity, and NC for Net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells in the "Statement cells blank if there is no corresponding input needed.) JUNKER'S STASH Financial Statements Model Income Statement Revenuel Expensel L M Gain Loss = Net Income Statement of Cash Flow Event C ash Balance Sheet Assets Stockholders' Equity Accounts Retained - Common + Inventory + Receivable Land - Stock * Earnings 15,000+ 11,000/= 70,000 + 36,000 70,000+ + No, Beg. bal. 1. 60,000 + 170.000 + 18.320 (1,400 + 0+ 0 + 72,000 + 72,000 (411,900) + (1.400) 72,000 (41,900) (2.100) 1,250 (2,100) + 0 + 0 + 250+ 4a. 4b. 5. 6a. 6b. 7.1 IIIIIIIIIIIIII (69,900) + 699 = (699) 69.201 + + (6,850) + 9,100 + 80,051 + 6,850 = 1 (11.000) = 1.900) (6.850) (1,900) 18,4011 End. bal. (325,650) + 0 = 70,000+ 36,000 69,9001 - 51,499 = 1 16,380 Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Determine the amount of net sales. Net sales Required A Required B Required c Required D Prepare a multistep income statement. Include common size percentages on the answers to 1 decimal place.) JUNKER'S STASH Income Statement For the Year Ended December 31, Year 2 Operating expenses Total operating expenses 0 0 .0 % 0.0% 0 Non-operating items 0.0 % Required A Required B Required c Required D Prepare a multistep income statement. Include common size percentages on the answers to 1 decimal place.) JUNKER'S STASH Income Statement For the Year Ended December 31, Year 2 Operating expenses Total operating expenses 0 0 .0 % 0.0% 0 Non-operating items 0.0 % Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D The return-on-sales ratio for Junker's Stash during the prior year was 12 percent. Based on the common size data in the income statement, did the expenses for Junker's Stash increase or decrease in Year 2? Did the expenses for Junker's Stash increase or decrease in Year 2
